Marcus & Millichap’s institutional property advisors division has arranged the sale of The Selkirk, a 13-story, 49-unit apartment building on Manhattan’s Upper West Side, at 308 West 82nd Street, for $17.1 million.

Four studio apartments per floor gives the new owner the option to reconfigure the units to larger “family-style” layouts and convert them to condominiums or co-ops over time, said Peter Von Der Ahe, who represented the seller with Seth Glasser and Scott Edelstein.

Marcus & Millichap has arranged the $5.35 million sale of a four-story mixed-use building at 192 Grand Street in Little Italy, home to the former Florio’s Ristorante & Cocktail Lounge and slated for a new restaurant, The Commercial Observer has learned.

“There’s a very short supply of this type of asset in this neighborhood,” said Read More

Marcus & Millichap has arranged the $2.7 million sale of a five-story, 9,410-square-foot mixed-use building at 245 west 135th street in Harlem, offering its new owner immediate cash flow and little hassle, The Commercial Observer has learned.

The turnkey mixed use building was floated around in the open market for several months before Marcus & Read More

Investment Sales firm Marcus & Millichap has arranged the $1.75 million sale of a four-story residential property at 21 Broadway Terrace in the Inwood section of Manhattan, The Commercial Observer has learned.

The 17-unit building is 9,728 square feet and in addition to significant upside potential for the units includes an additional 2,310 square feet Read More

Marcus & Millichap has arranged the $8.9 million sale of a six-story, 42-unit elevator building at 1090 St. Nicholas Avenue in Washington Heights, positioned in a pocket of the neighborhood anchored by a number of medical institutions.

The buyer, an undisclosed local investment firm, will continue to run the residential, mostly rent stabilized apartments and retains the Metropolitan Center for Mental Health as a tenant in the basement-level commercial space.
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Marcus & Millichap has arranged the $5.1 million sale of a 6,270-square-foot multifamily building at 31 West 87th Street, whichsat on the market for two years before the firm was called in, The Commercial Observer has learned.

The five-story building is located in the Upper West Side, just steps from Central Park, between Central Park West and Columbus Avenue – among the selling points that the firm didn’t shy away from when arranging a competitive bid for the property, hashed out between a handful of investors with their eyes on the coveted neighborhood.
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The Indigo, a 164-unit, 14-story apartment building at 230 East 44th Street, is on the market in a listing by Marcus & Millichap Real Estate Investment Services. The listing comes as a split develops in the state of New York City’s investment sales market.
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